India-EU FTA to Boost Footwear, Leather Exports to $14 Billion by 2030

• The India-EU Free Trade Agreement (FTA) is expected to significantly boost India's footwear and leather exports, targeting USD 14 billion by 2030.
• The EU is currently the largest market for Indian footwear and leather, accounting for 43% of exports, and the FTA provides zero import duty.
• Council for Leather Exports (CLE) Executive Director R Selvam highlighted that the agreement will enhance cooperation in sourcing and investments.
• CLE appealed to the Centre to implement the Focus Product Scheme, crucial for achieving a USD 50 billion industry turnover by 2029-30.
• The 39th India International Leather Fair (IILF) 2026, featuring over 425 domestic and 67 overseas exhibitors, will showcase industry innovations at Chennai Trade Centre.

Why It Matters: The India-EU FTA is set to significantly boost India's footwear and leather exports, targeting $14 billion by 2030.